Wall St. Buzz: Facebook’s Mobile Problem, Costco Climbs, Tiffany Tainted

Deutsche Telekom AG (NYSE:DTE) doesn’t view a complete sale of its U.S. wireless unit T-Mobile USA as likely after the failed attempt to sell the division to AT&T Inc. (NYSE:T) last year said Chief Executive Rene Obermann on Thursday. In remarks from it annual meeting, Oberman said, “We continue to look for a long-term solution to improve earnings in our U.S. business. However, a complete sale like the one to AT&T is considered unlikely.” He added that┬áDeutsche Telekom will seek different ways to either increase its return on capital or reduce its U.S. capital investment.

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Facebook (NASDAQ:FB) is contemplating a NYSE (NYSE:NYX) proposal for the company to list its stock there, reported Reuters. Although, the NYSE is denying the claims. Meanwhile, Jim Cramer thinks that Facebook’s alleged guidance leak to analysts came from its May numbers being “really bad.” Facebook is seeing a quick shift in its user activity from PCs to mobile devices, and for now, mobile monetization will stay very limited.

EU’s second-highest court denied Mastercard’s (NYSE:MA) appeal that alleged excessive interchange fees on cross-border card payments. The company didn’t convince the court that either the fees were fundamental or that a large number of European banks would discontinue using Mastercard if they were lowered.

Costco’s (NASDAQ:COST) fiscal quarter three earnings exceeded analysts’ predictions as its earnings per share rose to $0.88 from $0.73 and its revenue increased 8.2% to $22.3 billion. Comparable sales jumped 5% as the retailer saw increases in the U.S. and abroad. The company’s earnings report came just one day after Fitch affirmed its AA- rating, noting its strong competitive position, operating performance, and cash flow.

On Thursday, Tiffany & Co. (NYSE:TIF)┬ácut is 2012 profit outlook partly after noting “decelerating rates of economic growth” for the balance of the year. The retailer’s first-quarter profit slightly increased to $81.5 million ($0.64 per share), from $81.1 million ($0.63 per share), in the previous year. Sales increased 8% to $819 million, but Tiffany’s Americas region underperformed.

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